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this tax would tax about 53% of small business income. it is expected to cost us 710,000 jobs and it wasn't even pay for 10% of the proposed deficit spending increases. we're saying lower tax rates across the board and close loopholes primary to the higher-income people. don't raise the deficit, raise taxes on the middle class, and bare the share of the income on the high-income earnings. even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 90%. you have refused again to offer specifics for how you pay for that 20% across the board tax cut. do you have the specifics or are you still working on it and that's why you won't tell voters? >> ryan: we want to have big bipartisan agreements -- >> do you have the specifics? do you know what you are doing? >> ryan: look at what ronald reagan and tip o'neill did. they worked together to lower tax rates and broaden the base and worked together to fix that. we're saying here is our framework, lower tax rates about 20% -- we forgo about $1.1 trillion in
this tax would tax about 53% of small business income. it is expected to cost us 710,000 jobs and it wasn't even pay for 10% of the proposed deficit spending increases. we're saying lower tax rates across the board and close loopholes primary to the higher-income people. don't raise the deficit, raise taxes on the middle class, and bare the share of the income on the high-income earnings. even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this...
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if it's billed as tax reform. so that's a way to tell it to the house republicans -- >> bill: but that doesn't answer my question. don't you somewhere to get rid of the bush tax cuts in order to come up with a solution? >> if you got rid of the bush tax cuts that would be a huge chunk of money. the problem i think president obama and the democrats are facing is those are tax cuts for people across the whole income-- i don't think it will solve any deficit problem over any long return. that's 2% of the taxpayers that we're talking about. and one of the things we'll have to deal with over the next decade is that to really get some of these entightments under control -- >> bill: all right. we're going to take a break, because i want to challenge that. >> okay. >> bill: it's a hell of a lot more money than big bird is. nancy cook is in the studio with us. we're just getting started here. 866-55-press is our toll free number. join the conversation. >> announcer: this is the >> bill: >> bill: show, live on your radio an
if it's billed as tax reform. so that's a way to tell it to the house republicans -- >> bill: but that doesn't answer my question. don't you somewhere to get rid of the bush tax cuts in order to come up with a solution? >> if you got rid of the bush tax cuts that would be a huge chunk of money. the problem i think president obama and the democrats are facing is those are tax cuts for people across the whole income-- i don't think it will solve any deficit problem over any long...
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there are a number of important tax loopholes if you want to call them that, or tax incentives that will have to be ended. this is not something they're prepared to talk about. politically you have to understand that. they have 27 days left. it's not in anybody's best interest to say we're going to hawk at the most important entitlement that they've had for generations. they're trying to do something that is politically understandable and the democrats will try to hold them to account and fill in those gap where is they have refused to be specific about it. >> michael: thomas, what errol is saying is really true. i can't imagine a homeowner who wants to see that mortgage interest write-off gone. when it's clear that the republicans cannot do this cut without that you heard ryan last night. how do they get away with that? >> i think in the same way they're getting away with all sorts of things. if you look at the paul ryan budget, and i understand that's not what mitt romney is proposing this year, but if you go back and look at--he did put paul ryan on the ticket. he did it for a reason.
there are a number of important tax loopholes if you want to call them that, or tax incentives that will have to be ended. this is not something they're prepared to talk about. politically you have to understand that. they have 27 days left. it's not in anybody's best interest to say we're going to hawk at the most important entitlement that they've had for generations. they're trying to do something that is politically understandable and the democrats will try to hold them to account and fill...
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more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what, you have got to start asking those guys to start paying their fair share of taxes. when the middle class is disappearing, you can't cut social security -- and by the way, the so-called chain cpi, one way to cut social security would not only hit the elderly and disabled it would also hit disabled veterans. you don't make massive cuts in medicaid or medicare so i think this issue is very very clear. which side are we on? are we going to protect the wealthiest people in this country, the largest corporations eliot, one fourth of profitable corporations pay nothing in taxes. we are losing about $100 billion a year because the wea
more tax breaks for the rich. and then they want to make massive cuts in social security medicare medicaid and virtually every other family needs. that's the plan. third point they would make sever poll that i have seen suggests that that is exactly what the american people don't want. the american people have been very clear. when the top 1% owns 42% of the wealth in america, you know what, you have got to start asking those guys to start paying their fair share of taxes. when the middle class...
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this tax would tax about 53% of small business income. it is expected to cost us 710,000 jobs and it wasn't even pay for 10% of the proposed deficit spending increases. we're saying lower tax rates across the board and close loopholes primary to the higher-income people. don't raise the deficit, raise taxes on the middle class, and bare the share of the income on the high-income earnings. even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 90%. you have refused again to offer specifics for how you pay for that 20% across the board tax cut. do you have the specifics or are you still working on it and that's why you won't tell voters? >> ryan: we want to have big bipartisan agreements -- >> do you have the specifics? do you know what you are doing? >> ryan: look at what ronald reagan and tip o'neill did. they worked together to lower tax rates and broaden the base and worked together to fix that. we're saying here is our framework, lower tax rates about 20% -- we forgo about $1.1 trillion in
this tax would tax about 53% of small business income. it is expected to cost us 710,000 jobs and it wasn't even pay for 10% of the proposed deficit spending increases. we're saying lower tax rates across the board and close loopholes primary to the higher-income people. don't raise the deficit, raise taxes on the middle class, and bare the share of the income on the high-income earnings. even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this...
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about lowering taxes isn't as attractive. it isn't elegantly stated, i'm speaking off the cuff in response to a question. >> now and then you're going say something that did not come out right. in this case i said something completely wrong. i absolutely believe that my life has shown that i care about 100%. and that has been demonstrated throughout my life. and this whole campaign is about the 100%. when i become president it will be about helping the 100%. >> did i say 47%? i meant 100%. i'm surprised he didn't go with 110%. how did the conservatives feel about this? from the club for growth, massive right wingers who are against any tax increases said this. there was nothing there to give us great concern. but we'll be watching what he does if he becomes president. now, in other words i hear you big guy, go ahead and lie all you need to. we know when you become president you're going to do exactly what we tell you to do. that's the problem. now let's figure out what went wrong with president obama's debate. for that let's
about lowering taxes isn't as attractive. it isn't elegantly stated, i'm speaking off the cuff in response to a question. >> now and then you're going say something that did not come out right. in this case i said something completely wrong. i absolutely believe that my life has shown that i care about 100%. and that has been demonstrated throughout my life. and this whole campaign is about the 100%. when i become president it will be about helping the 100%. >> did i say 47%? i...
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the latest not telling the truth about the tax plan. even the obama campaign admitted it wasn't true. >> jennifer: actually i'm going to ask this one of karl, because the romney campaign isn't telling anybody whether the ad is running. >> i think it's disenginous and ironic that they would release an ad calls lying, and not tell anybody where it is returning. if you want to give 20% tax cuts to every american that is $5 trillion. what is difficult is to get really detailed on romney's plans when they are not laid out specifically. so what you find from the fact checkers is that they are not being completely accurate but they always put in there the disclaimer, but it's difficult because we don't know what romney has said. the president should continue to hammer it home, and he needed to do a better job by articulating where he came up with the $5 trillion mark. >> jennifer: i agree. he needs to be specific about what he could do. and michelle, the super pac supporting the president, they have a new ad going after how mitt romney is goin
the latest not telling the truth about the tax plan. even the obama campaign admitted it wasn't true. >> jennifer: actually i'm going to ask this one of karl, because the romney campaign isn't telling anybody whether the ad is running. >> i think it's disenginous and ironic that they would release an ad calls lying, and not tell anybody where it is returning. if you want to give 20% tax cuts to every american that is $5 trillion. what is difficult is to get really detailed on...
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tax the rich, tax the rich. look you're allowed to be rich. of course you want to build the largest house. somebody has got to have the largest house. that is not the issue. the issue is this guy then turns around and says this. if any new taxes are levied on me or my company as our current president plans i will have no choice but to reduce the size of this company. that is an obvious threat to his employees you better vote for romney or i'm going to fire you. it appears do you have another choice. perhaps you could reduce the size of your house. but oh no, no, no, you better not tax me another cent otherwise i'll fire all my workers. which would be a great brilliant business strategy. how would you run a company without workers. then your lazy ass would have to get up off the throne and do some work. in florida in 2000 he did this trick which he admits might have been illegal where he asked all of his workers, 8,000 workers in florida, hey, are you for the republicans or democrats. if they said democrats then they do anything with them. if t
tax the rich, tax the rich. look you're allowed to be rich. of course you want to build the largest house. somebody has got to have the largest house. that is not the issue. the issue is this guy then turns around and says this. if any new taxes are levied on me or my company as our current president plans i will have no choice but to reduce the size of this company. that is an obvious threat to his employees you better vote for romney or i'm going to fire you. it appears do you have another...
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and the bottom 20% earned only 3.4% of the taxes and paid 2.1% of the taxes. in the end it all evens out. people pay the same percentage of the taxes as they earned of the income. sound pretty darn fair to me, david. no redistribution there. just carrying one's fair share. yet david said he's so frustrated his motivation to work may be destroyed all together because of the current system. he blamed it all on a system that penalizes the productive and gives to the unproductive. but again he is wrong. government has to take from all for the good of all. including for the good of mr. siegel. just one example. westgate's property at the smoky mountain resort and spa in gatlinberg tennessee people go there and pay there siegel a whole lot of money to appreciate the beauty of the great smoky mountains. the first national park in which the federal government spent its own money to wyland. no national park, no resort that people would pay for. you wouldn't want to build a resort there without reliable public and fire system or the road to get there or the system to gi
and the bottom 20% earned only 3.4% of the taxes and paid 2.1% of the taxes. in the end it all evens out. people pay the same percentage of the taxes as they earned of the income. sound pretty darn fair to me, david. no redistribution there. just carrying one's fair share. yet david said he's so frustrated his motivation to work may be destroyed all together because of the current system. he blamed it all on a system that penalizes the productive and gives to the unproductive. but again he is...
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tax. why should they be the only economic sector that is not paying? that would bring money into our economy for things that we need. >> not just since 2007, but over the last two years average income has declined. that's a huge problem for president obama. is that fair to say that's his fault, because he bailed out the banks just like bush did and didn't give any relief to the homeowners. >> exactly no relief to the homeowners, as to the students who are basically a generation of in dentured servants. this transpacific partnership is nafta on summer recognized off shoring our jobs and undermining wages. he is giving away the store to wall street over and over again without actually doing the things we can do. we're calling for a green new deal, which would use our dollars for creating jobs directly not for more tax breaks for the job creators to create more jobs in india and china. he has his priorities mixed up. he does need to be held accountable not only for shipping jobs overseas, bai
tax. why should they be the only economic sector that is not paying? that would bring money into our economy for things that we need. >> not just since 2007, but over the last two years average income has declined. that's a huge problem for president obama. is that fair to say that's his fault, because he bailed out the banks just like bush did and didn't give any relief to the homeowners. >> exactly no relief to the homeowners, as to the students who are basically a generation of...
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they pay more effective tax than governor romney pays in their income taxes. i have had it up to here with this notion that 47% -- it's about time they take some responsibility here. and instead of signing pledges to grover nor quest not to ask the wealthiest among us to contribute to bring back the middle class, they would be signing a pledge saying to the middle class, we're going to level the playing field. >> stephanie: yay. yay. drret go ahead. >> caller: i wanted to thank you for keeping me sane that's first. >> stephanie: oh, thank you. >> caller: and i wanted to make three quick comments if i could. if all republicans had to talk about were biden's teeth we're in good shape. >> that's right. >> caller: but i am ronny that romney is up by seven in florida. >> stephanie: i have seen two different polls that one i'm not seeing. >> caller: oh, okay. i saw that on the internet. >> stephanie: let me dig through. nbc found them tied. >> caller: all right. and i loved jim ward's impersonation of groucho. >> thank you. >> caller: and finally i want to thank joh
they pay more effective tax than governor romney pays in their income taxes. i have had it up to here with this notion that 47% -- it's about time they take some responsibility here. and instead of signing pledges to grover nor quest not to ask the wealthiest among us to contribute to bring back the middle class, they would be signing a pledge saying to the middle class, we're going to level the playing field. >> stephanie: yay. yay. drret go ahead. >> caller: i wanted to thank you...
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>>tax cuts don't create jobs. the golden years as the conservatives call them, we had the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! >>> not a single thing he said is accurate. first of all -- >> be specific. >> i will be very specific. this lecture on embassy security. the congressman here cut embassy security in his budget by $300 million below what we asked for number 1. >> jennifer: congressman ryan could not have been to happy about challenging him on that. congressman ryan voted to authorize $300 million less for embassy security than requested by the obama administration. that's just one of the many misleading statements about foreign policy that emerged from congressman ryan last night. here to help up dissect the truth, former secretary of defense, lawrence corb. so great to have you back. >> nice to be with you. >> ms. cutter criticized governor romney because
>>tax cuts don't create jobs. the golden years as the conservatives call them, we had the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! >>> not a single thing he said is accurate. first of all -- >> be specific. >> i will be very specific. this lecture on embassy security. the congressman here cut embassy...
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tax cuts that will give $500 billion in tax cuts to 120,000 families. and they are saying we won't continue the middle class tax cut unless you keep the tax cuts to the well think. >> bill: he nailed it. nailed it. it is romney and ryan who are on the side of the wealthiest people in america. and biden didn't hesitate again to call ryan out. he tried so many lies -- remember he said last night, his plan on medicare was bipartisan because ron widen the senator from washington was aco sponsor of it. and biden jointed out no you changed it and widen no longer supports it. here is joe biden calling ryan out -- i think this is on the defense cuts. >> we should not be imposing these devastating defense cuts because what that done when we equivocate on our values -- >> bill: get in there. >> they are much more willing to test us. >> with all due respect that's a bunch of mularkey because everything he said was not true. >> bill: paul ryan came across as inexperienced and very very nervous. did you notice how many times he kept sipping water, like get me out of
tax cuts that will give $500 billion in tax cuts to 120,000 families. and they are saying we won't continue the middle class tax cut unless you keep the tax cuts to the well think. >> bill: he nailed it. nailed it. it is romney and ryan who are on the side of the wealthiest people in america. and biden didn't hesitate again to call ryan out. he tried so many lies -- remember he said last night, his plan on medicare was bipartisan because ron widen the senator from washington was aco...
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you could hear it on taxes. he didn't have an answer. >> jennifer: exactly right. i loved the moment -- it was not good for america -- >> yeah, he was caught like a deer in the headlights. >> jennifer: and him saying that all of these studies -- i'm going to talk about that a little bit later but that all of these studies show it's not doable. >> as bill clinton would say it's junk arithmetic. >> jennifer: it is. let's talk about -- of course martha raddatz raises the issue about choice and their catholic faith. were you surprised it took until the end of the -- >> yeah, because we're now into the second debate vice presidential, and where are women's voices. this is a race about battling for the hearts and votes of women. and i wanted to hear a question about women's health because it is an economic security issue, or how does voucherizing medicare blocking social security, impact women. >> jennifer: a lot of women were watching last night because of all of the ball games that were on last night. >> that's right. but i want to hear more about women and their condi
you could hear it on taxes. he didn't have an answer. >> jennifer: exactly right. i loved the moment -- it was not good for america -- >> yeah, he was caught like a deer in the headlights. >> jennifer: and him saying that all of these studies -- i'm going to talk about that a little bit later but that all of these studies show it's not doable. >> as bill clinton would say it's junk arithmetic. >> jennifer: it is. let's talk about -- of course martha raddatz raises...
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if you wanted to buy things from overseas, they were taxed. look how brazil is rising. there wouldn't be detroit without manufacturing things. disneyland in orange county would only be a bunch of orange groves if not for kodak and disney. i don't know the answer but i know the way we're going isn't the way. >> gavin: thank you. i know you have to go, thanks, buddy. just like will.i.am forever linked with the black eyed peas mickey hart will be forever linked to the grateful dead. mickey hart is trying to bridge the gap between art and science. our conversation coming up after the break. presidential debate. with unrivaled analysis and commentary. >> was this the game changer? is this going to change the dynamic? (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >>now that's politically direct. then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is that? so weird, right? my agent, tom, said... [ voice of dennis ] ...only allstate sends you a bonus check for every six months you're acci
if you wanted to buy things from overseas, they were taxed. look how brazil is rising. there wouldn't be detroit without manufacturing things. disneyland in orange county would only be a bunch of orange groves if not for kodak and disney. i don't know the answer but i know the way we're going isn't the way. >> gavin: thank you. i know you have to go, thanks, buddy. just like will.i.am forever linked with the black eyed peas mickey hart will be forever linked to the grateful dead. mickey...
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>>tax cuts don't create jobs. the golden years as the conservatives call them, we had the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! if you have an opinion, you better back it up. >>eliot spitzer takes on politics. >>science and republicans do not mix. >>now it's your turn at the only online forum with a direct line to eliot spitzer. >>join the debate now. >> eliot: if you want to lower the abortion rate there is an effective way to do it without changing the law. you can see it in our number of the day 61% that's how much birth rate fell when birth control was given away for free. this came out of a study by washington university, 9,000 women, many of whom were poor and uninsured were offered contraceptives without cost. most got iuds or other implants which are the most effective option and usually quite expensive. but the drop in pregnancy more than made up in the ex
>>tax cuts don't create jobs. the golden years as the conservatives call them, we had the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! if you have an opinion, you better back it up. >>eliot spitzer takes on politics. >>science and republicans do not mix. >>now it's your turn at the only online forum with a direct...
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>>tax cuts don't create jobs. the golden years as the the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! ♪ >> jennifer: in our mitt moment today we go back to where we started, sesame street, and is the ads and means and jokes weren't enough, there is just something disturbing about the campaign for the most powerful person in the world coming down to pictures like this. four weeks left, everyone. it's going to get weird. all right. there's no use denying a huge influence on previously undecided voters, but according to brett ehrlich there is value in forcefully notifying these voters that they are making a huge mistake. shhhh, brett's talking now >> for all of you people who haven't been paying at attention to the presidential election, and have made up your mind based on but debate performance, you can't do that. i'm sorry. you just can't do that. this isn't some basket
>>tax cuts don't create jobs. the golden years as the the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! ♪ >> jennifer: in our mitt moment today we go back to where we started, sesame street, and is the ads and means and jokes weren't enough, there is just something disturbing about the campaign for the most powerful person...
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you have abortion, insurance coverage, preexisting coverage tax cuts. you have got any number of issues. let them explain it. >> jennifer: all right. guys i'm so sorry, this is way too short. but i really appreciate you coming in. remember, by the way you can watch the debate tomorrow on current tv, our coverage begins at 8:00 eastern, 5:00 pacific bile in new york with eliot spitzer, john fugelsang, cenk uygur, and we of course are going to be enjoying it all. and we'll have our innovative twitter coverage on your screen. after the break there is one guy that loves mitt romney's flip flops more than most and that's the guy that sells them to it. i'll you. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is that? so weird, right? my
you have abortion, insurance coverage, preexisting coverage tax cuts. you have got any number of issues. let them explain it. >> jennifer: all right. guys i'm so sorry, this is way too short. but i really appreciate you coming in. remember, by the way you can watch the debate tomorrow on current tv, our coverage begins at 8:00 eastern, 5:00 pacific bile in new york with eliot spitzer, john fugelsang, cenk uygur, and we of course are going to be enjoying it all. and we'll have our...
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you have abortion, insurance coverage, preexisting coverage tax cuts. you have got any number of issues. let them explain it. >> jennifer: all right. guys i'm so sorry, this is way too short. but i really appreciate you coming in. remember, by the way you can watch the debate tomorrow on current tv, our coverage begins at 8:00 eastern, 5:00 pacific bile in new york with eliot spitzer, john fugelsang, cenk uygur, and we of course are going to be enjoying it all. and we'll have our innovative twitter coverage on your screen. after the break there is one guy that loves mitt romney's flip flops more than most and that's the guy that sells them to it. i'll tell you about mitt romney's latest duel to the truth. [ female announcer ] pillsbury crescents fabulous but...when i add chicken barbecue sauce... and cheese...and roll it up woo-wee! i've made a barbecue chicken crescent chow down. pillsbury crescents. let the making begin. [ female announcer ] why settle for plain bread? here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes th
you have abortion, insurance coverage, preexisting coverage tax cuts. you have got any number of issues. let them explain it. >> jennifer: all right. guys i'm so sorry, this is way too short. but i really appreciate you coming in. remember, by the way you can watch the debate tomorrow on current tv, our coverage begins at 8:00 eastern, 5:00 pacific bile in new york with eliot spitzer, john fugelsang, cenk uygur, and we of course are going to be enjoying it all. and we'll have our...
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>>tax cuts don't create jobs. the golden years as the conservatives call them, we had the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! [ ♪ theme ♪ ] ♪ >> announcer: this is the "bill press show," live on your radio and current tv. >> bill: all right. 25 minutes after the hour. we're going to talk jobs, jobs jobs, the latest job numbers in the next segment here. the "full court press." right now a couple of political notes to bring you up to date with, yes, indeed. president hugo chavez winning a third time yesterday. another six-year term. everything i saw in anticipation of this election in venezuela, said that chavez was going to lose. the challenger was very strong. there were huge crowds turning out to vote yesterday, nbc us in had jorge ramos who was basically saying it is all over for chavez, but he pulled out another win. there is also continuing talk about a
>>tax cuts don't create jobs. the golden years as the conservatives call them, we had the highest tax rates, and the highest amount of growth, and the highest amount of jobs. those are facts. >>"if you ever raise taxes on the rich, you're going to destroy our economy." not true! [ ♪ theme ♪ ] ♪ >> announcer: this is the "bill press show," live on your radio and current tv. >> bill: all right. 25 minutes after the hour. we're going to talk jobs,...
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he is an interesting position on tax and oh by the way he is lying his ass off. we have factored that in now. >> stephanie: yesterday's speech on foreign policy won't that have some effect over time as well? >> well -- i think -- i think that's -- if you want to look for a silver lining in both of the polls, it is that they are a snapshot taken right in the heart of what should have been a bounce. so we'll see what happens in the middle of next week. i was resistant to the notion, but i'm over it to now that that debate performance was a serious, serious blunder. >> stephanie: you write this week it has been pointed out that romney has become quite a remarkable liar. he lies by commission of course. and lies by admission namely in his resolution determination not to be specific about what deductions he is planning to end. >> they are particularly good at office [ inaudible ] mathematics. i'm particularly good at english. [ laughter ] >> stephanie: exactly. >> and that's hard by the way. it's very hard to throw poo efficiently. but he threw it -- we get to talk li
he is an interesting position on tax and oh by the way he is lying his ass off. we have factored that in now. >> stephanie: yesterday's speech on foreign policy won't that have some effect over time as well? >> well -- i think -- i think that's -- if you want to look for a silver lining in both of the polls, it is that they are a snapshot taken right in the heart of what should have been a bounce. so we'll see what happens in the middle of next week. i was resistant to the notion,...
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Oct 9, 2012
10/12
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CURRENT
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you do have a $5 trillion tax cut in your plans. you're not going to cover people's pre-existing conditions in your healthcare plan. you need to say it then and not rely on fax checkers the next day. >> eliot: you can't wait for the story the next day. ryan zerlina is right. you cannot depend upon that. how does the president need to do that,e vince this power and passion and sense of purpose that so clearly was missing. >> i think people want to see that he wants the job. that he wants to fight for them. if you look at it this way if somebody is looking at somebody who won't even stand up for themselves, then what are the chances they're thinking that this person is going to stand up for me? when you're watching obama in this debate you can finally see why it is that he was getting rolled day in and day out by the republicans on capitol hill. you can say hey man that is a guy i would like to be negotiating with. >> eliot: i'm going to interrupt for a reason. you said something critically important. and zerlina i want you to respond
you do have a $5 trillion tax cut in your plans. you're not going to cover people's pre-existing conditions in your healthcare plan. you need to say it then and not rely on fax checkers the next day. >> eliot: you can't wait for the story the next day. ryan zerlina is right. you cannot depend upon that. how does the president need to do that,e vince this power and passion and sense of purpose that so clearly was missing. >> i think people want to see that he wants the job. that he...
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Oct 9, 2012
10/12
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CURRENT
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he says he is going cut taxes by $4.8 trillion, but no taxes that will contribute to the deficit? >> yeah. that one stuck out, especially since you can go right back to the primary campaign and when he was debating newt gingrich and rick santorum and the rest of the crew, he said hey wait a second, i'm going to reduce taxes by 20% across the board including the top 1%. that was his line. and the other thing that really stuck out is this issue of preexisting conditions when he looks into the camera and says hey, my plan does cover preexisting conditions. well that is just not true. it doesn't cover preexisting conditions for people who haven't had insurance before, which is a big part of the problem, literally millions and millions of people who would not be covered under his plan. >> bill: the one that really disappointed me to say the least, three times he came back to president obama has cut medicare benefits by $716 billion. >> yeah well there's -- there are a number of problems with that, starting with that it's not true. it's -- what he has done is they found savings on the p
he says he is going cut taxes by $4.8 trillion, but no taxes that will contribute to the deficit? >> yeah. that one stuck out, especially since you can go right back to the primary campaign and when he was debating newt gingrich and rick santorum and the rest of the crew, he said hey wait a second, i'm going to reduce taxes by 20% across the board including the top 1%. that was his line. and the other thing that really stuck out is this issue of preexisting conditions when he looks into...
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Oct 8, 2012
10/12
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CURRENT
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. >> biden says we want to let the tax cut expire. see you are supposed to be satisfied that the increased tax payments from the rich go to government. that's supposed to make you happy. when i hear stuff like that it's like how can anybody has an iq over that of a pencil eraser. >> stephanie: wow. i think the vast majority of the american people think we shouldn't have tax cuts for the rich, right? >> yeah and limbaugh's complete inability to understand how joe biden might be reelected again, or barack obama, we see this over and over again, just cannot understand incomprehensible, because they have been listening to the rhetoric for the last couple of years. and here they are, three or four weeks away. so they can't figure it out, and that goes back to the jobs conspiracy, polling conspiracy digging up videos from five years ago. these are all dilutional break-downkind of ways. they are trying to understand what is happening. because they don't understand what is happening. they don't engage in american politics anymore, because the
. >> biden says we want to let the tax cut expire. see you are supposed to be satisfied that the increased tax payments from the rich go to government. that's supposed to make you happy. when i hear stuff like that it's like how can anybody has an iq over that of a pencil eraser. >> stephanie: wow. i think the vast majority of the american people think we shouldn't have tax cuts for the rich, right? >> yeah and limbaugh's complete inability to understand how joe biden might be...
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Oct 9, 2012
10/12
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CURRENT
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why is it when you're taking advantage of a tax break and you're a businessman you're a businessman. but if you're taking advantage of something you're a moocher. >> cenk: ana. >> it might be entertaining, but it's substantive. when i was watching the debates that's what i do for a living. i have to pay attention to those things. i have a hard time doing it because it's so boring. the candidates have to be so polite. right there you see stewart's passion. you see he's being persuasive. why obama can't be like that? i understand the stress and pressure, it's a huge part of it but obama has to be as respectful as possible, mitt romney has to be respectful. they can't raise their voices. i can't stand that about our debates. >> obama could have been better than he was. he'll never be jon stewart. he'll never strife to be jon stewart. but that's a great point about mooching and entitlements. that's great but he can't deliver it from standing on an apple cart to be higher and he can't joke. >> you'll always get people who will tear someone down. the small things that happen in debates why
why is it when you're taking advantage of a tax break and you're a businessman you're a businessman. but if you're taking advantage of something you're a moocher. >> cenk: ana. >> it might be entertaining, but it's substantive. when i was watching the debates that's what i do for a living. i have to pay attention to those things. i have a hard time doing it because it's so boring. the candidates have to be so polite. right there you see stewart's passion. you see he's being...
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Oct 6, 2012
10/12
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CURRENT
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maybe they will like the idea of a plaque president or someone who is not going to cut taxes for the rich. hopefully they'll be iowa ticketed to the process that this is the opportunity for us to write down our story and fortune generations. when we don't show up, and when we don't use our voice it's shameful when you think about it on the larger scale. it was not that long ago. 47 years ago bloody sunday in birmingham. we're becoming almost 100 years of women and having the right to vote. seeing amazing opportunities to say what would he have done if he had twitter. how much would you--for someone who is a brown woman, to be able to vote today. just the difficulties and suffering that had to pass before i could get to this position. and it feels like an honor to be in this position now and credit that work that came before me, and take it to the next level. >> gavin: talking about taking it to the next level the biography about steve jobs is an international best seller. exactly one year after steve jobs died, i asked about his legacy and what has changed this year but first a quick
maybe they will like the idea of a plaque president or someone who is not going to cut taxes for the rich. hopefully they'll be iowa ticketed to the process that this is the opportunity for us to write down our story and fortune generations. when we don't show up, and when we don't use our voice it's shameful when you think about it on the larger scale. it was not that long ago. 47 years ago bloody sunday in birmingham. we're becoming almost 100 years of women and having the right to vote....
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Oct 8, 2012
10/12
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a tax cut for millionaires. a tax cut for millionaires. next april, david cameron will be writing a check for £40,000 to each and every millionaire in britain. not just for one year. but each and every year. that is more than the average person earns in a whole year. at the same time as they're imposing a tax on pensioners next april. friends, we, the labour party, the country knows it is wrong. it is wrong what they're doing. it shows their priorities. and here's the worse part. david cameron isn't just writing the checks. he is receiving one. he's going to be getting the millionaire's tax cut. [applause] so next week maybe mr. cameron can tell us how much is he awarding himself in a tax cut? how much is that tax cut he is awarding himself? for a job, i guess he thinks is a job well done. how many of his other cabinet colleagues have checks in the post from the millionaire's tax cut? and how can he justify this unfairness in britain 2012. and of course let's not forget this tax cut wouldn't be happening without nick clegg and the liberal
a tax cut for millionaires. a tax cut for millionaires. next april, david cameron will be writing a check for £40,000 to each and every millionaire in britain. not just for one year. but each and every year. that is more than the average person earns in a whole year. at the same time as they're imposing a tax on pensioners next april. friends, we, the labour party, the country knows it is wrong. it is wrong what they're doing. it shows their priorities. and here's the worse part. david cameron...
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Oct 10, 2012
10/12
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CNBC
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and so scratch the average republican today, and he'll say, "tax cuts, tax cuts, tax cuts." >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> it's rank demagoguery. we should call it for what it is. if these people were all put into a room on penalty of death to come up with how much they could cut, they couldn't come up with $50 billion when the problem is $1.3 trillion. so to stand before the public and rub raw this anti-tax sentiment, the republican party, as much as it pains me to say this, should be ashamed of themselves. >> this from ronald reagan's old budget director, architect of the largest tax cut in american history? but he doesn't let the democrats off the hook. he says he cringes when he hears the president say things like this. >> i believe we ought to make the tax cuts for the middle class permanent. >> we have now got both parties essentially telling a big lie, with a capital "b" and a capital "l," to the public, and that is that we can have all this government, 24% of g.d.p., this huge entitlement program, all of the bailouts, and yet we don't have to t
and so scratch the average republican today, and he'll say, "tax cuts, tax cuts, tax cuts." >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> it's rank demagoguery. we should call it for what it is. if these people were all put into a room on penalty of death to come up with how much they could cut, they couldn't come up with $50 billion when the problem is $1.3 trillion. so to stand before the public and rub raw this anti-tax sentiment, the...
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Oct 7, 2012
10/12
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FOXNEWS
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...
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Oct 13, 2012
10/12
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you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. all that hits the fan at the same time you have tax hikes and capitol gains and etscet raand all hitting the fan at the same time. that is a big story. you know and not worried about it or you don't know and the main stream media left you in the dust. and pat buchan an is paying close attention and we always whistle past the grave yards. they say don't worry about it one of the days it may not happen. thelma and lowis may go over the cliff. >> that was a horrible movie. you say that it is more real and possible than we think. >> i think so. let's take the hypothis that barack obama. tax cuts for the millionaires and billionaires will go up to a million dollars. i do
you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. all that hits the fan at the same time you have tax hikes and capitol gains and etscet raand all hitting the fan at the same...
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Oct 10, 2012
10/12
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according to the tax policy center, last year the bush tax cuts increased after -- after tax incomes for people making over $1 million by an average of 6.2%. that's about $129 a household but for those with incomes between $40,000 and $50,000 the increase was 2.2%. over time, our tax code has wydened the nation's wealth gap. reversing this trend ought to be a top goal of tax reform. at a minimum we certainly should not make the tax code any less progressive than it would be if the high income tax cuts expired. but in 1986 approach -- sorry, in 1986 style approach that promises upfront rate cuts to the wealthy is almost guaranteed to give middle income earners the short end of the stick. the reason is in order to raise enough money to both reduce rates and cut the deficit you would need to slash deductions and credits on a far greater scale than we did in 1986. middle income earners would not be spared. and because middle income earners so rely on these expenditures, the cost of losing them would likely exceed the benefit they received from a lower great. multiple experts verified tha
according to the tax policy center, last year the bush tax cuts increased after -- after tax incomes for people making over $1 million by an average of 6.2%. that's about $129 a household but for those with incomes between $40,000 and $50,000 the increase was 2.2%. over time, our tax code has wydened the nation's wealth gap. reversing this trend ought to be a top goal of tax reform. at a minimum we certainly should not make the tax code any less progressive than it would be if the high income...
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Oct 7, 2012
10/12
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[video clip] >> my tax plan has lowered taxes for 98% of families, but i also lowered taxes for small businesses 18 times. what i want to do is continue the tax rates, the tax cuts we put into place for small businesses and families, but i have said for incomes over $250,000 per year that we should go back to the rates we had when bill clinton was president creating 23 million new jobs and creating more millionaires to boot. we can not only reduce the deficit, encourage job growth through small businesses that we're able to make the investments that are necessary in indication our energy. host: president obama wednesday night at the first debate. alan viard. guest: there are a few things i would take issue with. the bush tax cut to expire for the high income levels and we would be going back to the rate prevailed under president clinton. that is not quite right. there will be a new tax called the unearned medicare income tax will impose an extra 3.8% on interest, dividends, and capital gains. that will be 3.8% higher than clinton tax rates. there will also be a medicare tax will incre
[video clip] >> my tax plan has lowered taxes for 98% of families, but i also lowered taxes for small businesses 18 times. what i want to do is continue the tax rates, the tax cuts we put into place for small businesses and families, but i have said for incomes over $250,000 per year that we should go back to the rates we had when bill clinton was president creating 23 million new jobs and creating more millionaires to boot. we can not only reduce the deficit, encourage job growth through...
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Oct 6, 2012
10/12
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MSNBC
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who pays taxes ought to get tax relief. a of my plan is in place the wealthiest americans will pay a higher percentage of taxes than they do today and the poorest of americans, 6 million families, 7 million people won't pay any tax at all. >> notice the slight of hands. the wealthiest americans will pay a higher percentage of taxes than they do today. not a higher percentage of their income in taxes since that would be an outright lie. very common bit of conservative bit of misdirection used to hide the distributional tax cuts they're proposing. for instance, even in herman cain's explicitly progressive world of a 9/9/9 flat tax, you can imagine the wealthiest households would still pay a majority of total income tax revenue. that doesn't reflect how progressive or fair the taxation system is. it reflects just how unequal incomes are. bush did it again in the next debate too. >> my plan is that the wealthy people pay 62% of the taxes today after which they pay 64%. this is a fair plan. you know why? because the tax code is
who pays taxes ought to get tax relief. a of my plan is in place the wealthiest americans will pay a higher percentage of taxes than they do today and the poorest of americans, 6 million families, 7 million people won't pay any tax at all. >> notice the slight of hands. the wealthiest americans will pay a higher percentage of taxes than they do today. not a higher percentage of their income in taxes since that would be an outright lie. very common bit of conservative bit of misdirection...
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of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may be feeling more confident these days, but their employers don't share the optimism. they're worried what's ahead and what's ahead are future tax increases, for small business owners still, these are people that own delis and dry cleaners and pave your driveways, not fat cats and million fairs and billionaires, they're average work people and concerned about the environment. and national independent business owners a record number of people. a bad time to start a business and a bad time to hire people. and that's not going to inspire jobs in this country, which is exactly what we need right now. >> okay, cl
of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may...
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Oct 6, 2012
10/12
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they were not taxes of the last four years they are taxes of the future. you have had massive regulation in the last four years and executive orders coming out of the federal government and viserating the congressional man date and letting the bureaucracy run the country and you have lists of them down here of over 900 executive orders and where they are abdicating the responsibility of congress and legislature and giving it to the burrcrats to run the country. it is outrageous. >> what i thought was so interesting about vice-president biden's comments 24 hours before the presidential. but setting up the middle class is effected and that is what mitt romney said middle class is suffer it has been the last four years. >> the economy is suffering under the government intervention. we often times don't think of regulations as being a tax. it is a tax not only on wealth creation but individual freedom and take the credit card act that was regulation and pass , a few years ago and had hoped to help the middle class . it made credit more expensive and difficult
they were not taxes of the last four years they are taxes of the future. you have had massive regulation in the last four years and executive orders coming out of the federal government and viserating the congressional man date and letting the bureaucracy run the country and you have lists of them down here of over 900 executive orders and where they are abdicating the responsibility of congress and legislature and giving it to the burrcrats to run the country. it is outrageous. >> what i...
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Oct 7, 2012
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economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to hisall of the increase in natural private land, not on government land. your administration has cut the number of permits and licenses in half. if i am president, i will doublei like coal. people in the coal industry feel like it is getting crushed by your policies. i w
economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. we should bring the tax rates down. for corporations and individuals. for us...
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Oct 11, 2012
10/12
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CNBC
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okay, there's tax rates and tax revenues. now a couple of things, tax rates, marginal rates are different from tax revenues. revenues can come from growth, from capped deductions. i just want to ask you, grover, do you support mitt romney's plan which would lower the rates, put a strict limit on the dollars of tax deductions and increase the economic growth rate? do you support romney? >> well, romney's plan is revenue neutral. he's made a commitment to the american people not to have a net tax increase. that's a great plan. obama wants higher tax rates, and schumer, the leader in the senate, made that clear as well, so it's between romney wanting to cut your tax rates and obama wanting to increase your top tax rates. that's the difference between the two parties. >> all right. dean baker, get you into this discussion. you know, dean, the brookings institute supports lower tax rates and knocking out deductions. that's what they want. everybody in washington except team obama. obama's idea, and biden's idea is to jack up tax r
okay, there's tax rates and tax revenues. now a couple of things, tax rates, marginal rates are different from tax revenues. revenues can come from growth, from capped deductions. i just want to ask you, grover, do you support mitt romney's plan which would lower the rates, put a strict limit on the dollars of tax deductions and increase the economic growth rate? do you support romney? >> well, romney's plan is revenue neutral. he's made a commitment to the american people not to have a...
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Oct 7, 2012
10/12
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raises taxes. small businesses tell me this is their single largest concern. >> the next question is for mr. murphy. >> regardless what happens with the affordable care act, the government will remain deeply involved in government health care. i want to ask about a very sensitive part of health cost- containment. one third of u.s. health spending is to take care of americans in their last year of life. does that need to change and how this government tackle something like that without the debate quickly turning into talk about government death panels and health-care rationing? >> we need to make a commitment to be blunt public health care systems like medicare and medicaid that we are going -- public health care systems that we're going to take care of them. that's my commitment as a u.s. senator. but in order to do that, the have to have a medicare and medicaid program that works for those individuals and is not just designed to pad the bottom lines of insurance companies. this is where linda mcma
raises taxes. small businesses tell me this is their single largest concern. >> the next question is for mr. murphy. >> regardless what happens with the affordable care act, the government will remain deeply involved in government health care. i want to ask about a very sensitive part of health cost- containment. one third of u.s. health spending is to take care of americans in their last year of life. does that need to change and how this government tackle something like that...
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Oct 6, 2012
10/12
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WETA
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he proposes a 20% across-the- board tax cut. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in reducing the federal deficit by 2015. what that means is, over time, the analysis shows, $5 billion over the next decade. >> i am sorry, read my lips, we are running short on time. the joe and paul the day. >> this is deadly earnest. how they can justify, how they can justify raising taxes on the middle-class, who have been very the last four years. how come in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle- class, over the last four years has been "buried." we agree. that means we need to stop digging, by electing a run in next president of the united states. >> what do you think, jonathan? >> you talk to a lot of folks in the romney campaign and is a joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say 10 years or something. it came out wrong. this is fodder for the romney campaign. all not changed, i do not think, in a huge way, the cou
he proposes a 20% across-the- board tax cut. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in reducing the federal deficit by 2015. what that means is, over time, the analysis shows, $5 billion over the next decade. >> i am sorry, read my lips, we are running short on time. the joe and paul the day. >> this is deadly earnest. how they can justify, how they can justify raising taxes on the middle-class, who have been very the last four...